News Digest for the day

The Economic Times

Sumitomo rides in to up Swaraj Mazda stake
Japanese co plans to buy 15% more.

UB to acquire remaining 35% in Associated Breweries for Rs 30 cr
Move aimed at warding off possible threats from 'outsiders'.

India Inc still high on overseas funds despite rising rates
Hudco to hit global markets in Feb with $300mn issue, Hindalco to follow.

The Financial Express

StanChart buys ANZ's project finance biz
Deal to shore up StanChart's project finance biz.

Unhappy Aiyar likely to take Lahiri report on petroleum duties to PM
Uniform 8% ad valorem rate for all petroleum products.

Sebi to make demat free for retail investors
Account opening charges, custody charges to be waived.

The Business Line

Reddy moots capping FII inflows
But not in favour of the move at this stage.

Microsoft R&D centre takes off
Signs MoU with govt for GIS mapping.

Pharma industry warns of increase in prices
Medicine prices could go up by about 10%.